UNAUDITED

Voice of the Faithful, Inc.
Balance Sheet
As of May 31, 2003

     
ASSETS
     
 
Current Assets    
 
Cash   $307,664
 
Accounts receivable   2,335
 
Other current assets   3,518
 
Total Current Assets   313,517
 
     
 
Fixed Assets Net of Depreciation   12,893
 
Intangible Assets   6,550
TOTAL ASSETS
    $332,960
 
     
LIABILITIES & NET ASSETS
     
 
LIABILITIES    
 
Current Liabilities    
 
Accounts payable and accrued expenses   $39,334
 
Other current liabilities   11,422
 
Total Current Liabilities   50,757
 
     
 
NET ASSETS   282,203
TOTAL LIABILITIES & NET ASSETS
    $332,960
 
     
 
     

UNAUDITED

Voice of the Faithful, Inc.
Statement of Operations
For the Twelve Months Ending May 31, 2003

 
Support and Revenue
     
 
Donations   $611,137
 
Convention ticket sales   75,600
 
Convention ticket premium and appeal   133,180
 
Other income   21,628
 
Total Support and Revenue   841,544
 
     
 
Expenses
     
 
Charitable contributions   31,985
 
Salaries and contractor fees   271,200
 
Legal and audit fees   46,072
 
Occupancy and telecommunications   47,376
 
Printing and publications   7,664
 
Other office expense   28,139
 
Travel   19,391
 
VOTF Convention   94,978
 
Other expense   20,648
 
Total Expenses   567,452
 
     
 
Increase in Net Assets
    $274,092